SOLEX
Solex Energy Limited (SOLEX) Stock Analysis
Solex Energy Limited manufactures solar photovoltaic modules and provides renewable energy products. It supplies modules to installers and developers in India's growing solar market. The company has expanded manufacturing capacity to serve utility and rooftop demand. It is listed on Indian stock exchanges.
Technology › Solar
₹644.10
-6.76% 1W | -55.20% 52W
Market Cap
696 CR
P/E Ratio
8.6
52W High
₹1985
52W Low
₹623.8
Div. Yield
0.09%
Beta
-0.4
50 DMA
₹755.9
200 DMA
₹1004.9
Profit Margin
4.9%
Inst. Own.
0%
📉 CONSOLIDATING DOWN
📉 CONSOLIDATING DOWN
Fundamentals
Profit & Loss
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 131.75 | 134.66 | 254.40 | 259.61 | 155.02 | 317.90 | 885.53 | 260.82 |
| Expenses | 117.42 | 111.04 | 226.37 | 218.35 | 136.42 | 292.03 | 787.18 | 231.84 |
| Operating Profit | 14.33 | 23.62 | 28.03 | 41.26 | 18.60 | 25.87 | 98.35 | 28.98 |
| OPM % | 10.88% | 17.54% | 11.02% | 15.89% | 12.00% | 8.14% | 11.11% | 11.11% |
| Other Income | 0.96 | 1.09 | 0.47 | 1.44 | -0.38 | 1.53 | 0.42 | 4.81 |
| Interest | 2.53 | 2.89 | 5.00 | 5.41 | 5.89 | 9.35 | 10.19 | 12.48 |
| Depreciation | 1.98 | 2.51 | 3.39 | 4.27 | 4.44 | 6.09 | 10.36 | 10.19 |
| Profit before tax | 10.78 | 19.31 | 20.11 | 33.02 | 7.89 | 11.96 | 78.22 | 11.12 |
| Tax % | 15.77% | 27.40% | 24.76% | 25.20% | 26.62% | 25.92% | 24.71% | 25.81% |
| Net Profit | 9.08 | 14.02 | 15.13 | 24.71 | 5.79 | 8.87 | 58.89 | 8.25 |
| EPS in Rs | 8.42 | 13.01 | 13.26 | 22.37 | 4.83 | 8.06 | 53.61 | 7.39 |
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 162 | 366 | 662 | 1,618 | 1,619 |
| Expenses | 150 | 337 | 585 | 1,435 | 1,447 |
| Operating Profit | 11 | 28 | 77 | 183 | 172 |
| OPM % | 7% | 8% | 12% | 11% | 11% |
| Other Income | 3 | 2 | 3 | 4 | 6 |
| Interest | 6 | 10 | 13 | 31 | 38 |
| Depreciation | 5 | 8 | 10 | 25 | 31 |
| Profit before tax | 4 | 12 | 56 | 131 | 109 |
| Tax % | 30% | 24% | 25% | 25% | |
| Net Profit | 3 | 9 | 42 | 98 | 82 |
| EPS in Rs | 2.71 | 8.73 | 38.38 | 88.88 | 73.89 |
| Dividend Payout % | 0% | 5% | 1% | 1% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 115.0% | – | – |
| Profit CAGR | 228.0% | – | – |
Shareholding Pattern
Promoters66.15%
FIIs0.01%
DIIs0.79%
Public33.06%
Promoters66.15%
FIIs0.09%
DIIs1.02%
Public32.75%
Promoters66.15%
FIIs0.25%
DIIs0.98%
Public32.63%
Promoters66.15%
FIIs0.13%
DIIs0.81%
Public32.91%
Promoters66.15%
FIIs0.07%
DIIs0.51%
Public33.26%
Promoters70.65%
Public29.35%
Promoters70.66%
DIIs1.10%
Public28.24%
Promoters66.15%
FIIs0.01%
DIIs0.79%
Public33.06%
Promoters66.15%
FIIs0.13%
DIIs0.81%
Public32.91%
Promoters66.15%
FIIs0.07%
DIIs0.51%
Public33.26%
SOLEX
Holdings Analysis
Key strengths & risk signals
68
Overall
79
Fundamental
58
Technical
Risks (4)
LOW MARGIN! 4.9% profit margin - thin profits.
POOR YEAR! Stock declined 55.2% in the last year.
WEAK POSITION! Current price (644.1) is below both moving averages.
WEAK! Trading at 1.5% of 52W range - near yearly lows.
Strengths (4)
UNDERVALUED! PEG of 0.04 indicates stock is cheap relative to growth.
BULLISH SENTIMENT! In last 30 days: 8 up days, 22 down days. Avg volume on up days: 190,700 vs down days: 40,866. Ratio: 4.67x
LOW VOLATILITY! Beta of -0.40 - stable stock, less market risk.
APPROACHING OVERSOLD! RSI at 33.1 - watch for reversal.
Fundamental & Technical Analysis
68Overall
79Fundamental
58Technical
Fundamental Breakdown
Growth Quality
30/30
Revenue CAGR: 115.5% (EXCELLENT, 15/15). Profit CAGR: 228.4% (EXCELLENT, 15/15).
Profit Margin
2/10
LOW MARGIN! 4.9% profit margin - thin profits.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.04 indicates stock is cheap relative to growth.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.09% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
14/20
MODERATE PUBLIC HOLDING! 29.35% public ownership - balanced ownership structure.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
5/10
BEARISH TREND! 50-day average (755.9) is below 200-day average (1004.9) - negative signal.
Price Position
2/10
WEAK POSITION! Current price (644.1) is below both moving averages.
Trend Pattern
10/20
Current trend: CONSOLIDATING DOWN
52W Performance
0/10
POOR YEAR! Stock declined 55.2% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 8 up days, 22 down days. Avg volume on up days: 190,700 vs down days: 40,866. Ratio: 4.67x
RSI
4/5
APPROACHING OVERSOLD! RSI at 33.1 - watch for reversal.
52W Range
1/5
WEAK! Trading at 1.5% of 52W range - near yearly lows.
Momentum
1/5
NEGATIVE MOMENTUM! Price declined across timeframes - down 6.8% (1 week), 7.8% (1 month), 35.3% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of -0.40 - stable stock, less market risk.
SOLEX
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-09-26 | Concall PDF | |
| Q4FY262026-05-22 | Concall PDF | |
| Q3FY262026-02-17 | Concall PDF | |
| Q2FY262025-11-14 | Concall PDF |
Peer Comparison
Technology · Solar · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SOLEX | ₹644.10 | 8.6 | 4.9% | 115.5% | 228.4% | -55.2% | 68 | CONSOLIDATING DOWN | -66.9% | -86.2% | +0.5% | -70.5% |
| WAAREEINDO | ₹207.30 | 5.2 | 30.1% | – | -38.9% | -70.7% | 52 | APPROACHING SUPPORT | -68.7% | -12.9% | -64.9% | -17.7% |
| URJA | ₹8.40 | 419.5 | 2.1% | 19.0% | -4.4% | -33.3% | 43 | CONSOLIDATION | -20.0% | +100.0% | -26.3% | -20.5% |
| SWELECTES | ₹615.50 | 22 | 6.8% | 40.0% | 115.1% | -30.4% | 76 | BREAKOUT | -65.4% | -30.4% | -26.2% | -35.4% |
| SOLARWORLD | ₹127.00 | 9.1 | 7.9% | 80.9% | 101.0% | -59.1% | 71 | BREAKOUT | -26.4% | -80.7% | +146.9% | -71.5% |
| SURANASOL | ₹23.60 | 17.9 | 18.1% | -21.0% | -18.4% | -27.5% | 52 | BREAKDOWN | +1,700.0% | +2,600.0% | +719.0% | +26.5% |
| GENSOL | ₹27.90 | 1.2 | 6.8% | 139.5% | 165.3% | -96.0% | 68 | CONSOLIDATING DOWN | – | -42.5% | – | -0.6% |
| INA | ₹75.80 | 8.2 | 7.7% | 97.0% | 165.8% | -17.7% | 65 | BREAKDOWN | – | -45.8% | – | -6.7% |
Data from TradeAlone · Updated daily
SOLEX News
Solex Energy Limited Secures ₹194.14 Crore Combined Work Orders for Topcon Solar PV Modules2026-10-06Solex Energy Limited (solex) Secures ₹75.96 Crore Work Order for 620 Wp N-type Topcon Solar PV Modules2026-10-05Solex Energy Limited (solex) Outlines Next Phase of Growth at 12th AGM, Targets ₹4,500 Crore Revenue Potential by FY282026-09-22Solex Energy Limited Receives Work Orders Worth ₹74.77 Crore2026-09-03Solex Energy Limited (NSE: Solex) Reports Q1 FY27 Results: Focus on Growth and Capacity Expansion2026-08-17Solex Energy Limited Celebrates Listing on BSE, Marking Another Milestone in its Growth Journey2026-08-13Solex Energy Hosts Ghana High Commissioner to Advance India – Ghana Renewable Energy Collaboration2026-07-18Solex Energy Limited (solex) Bags ₹628.37 Crore Work Order for N-type Topcon2026-07-09Solex Energy Limited (solex) Recognized as a Top Performer in Kiwa PVEL 2026 PV Module Reliability Scorecard2026-05-28Solex Energy Limited (NSE: Solex) Q4 FY26: Revenue Up 247.6%, PAT Surges 289.4%2026-05-16Solex Energy’s Q4 Fy26 Revenue up 247.1% Yoy2026-05-08Solex Energy Signs Landmark MoU With Gujarat Government for ₹4,000 Crore Solar Project2026-05-05
